Real Estate Insurance -> OK
The purpose of insurance is to ‘shift the risk of loss- from the individual to a large number of people who are exposed to similar risks. By sharing these risks, the individuals cost for protection is reduced to an affordable level. Topics covered include: Kinds of Policies, coverage, limits of liability, exclusions, disclosures, flood insurance, title insurance and errors and omissions insurance.

Home Inspection

As the market becomes more competitive, only a business comprised of well-rounded licensees who provide comprehensive advice will continue to stand out. This course instructs real estate licensees on the basics of home inspection. An understanding of this information will allow the student to serve his or her clients and customers better. This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.

Real Estate Finance

This course provides an introduction to residential real estate finance, including information on the underwriting process for FHA, VA, FNMA and FHLMC loans. It includes the following lessons:Introduction to Loans Conventional Loans FHA Loans VA Loans The Basics of Real Estate Financing Real Estate PracticeIn this course the student will learn the basics of the different types of loans available and the advantages and disadvantages of each; loan applications; appraisals; escrow; titles; and credit reports, including qualifying for loan amounts and verifying income and assets.The student will also learn how to calculate loan amounts, estimate monthly payments from property taxes, hazard and mortgage insurance, qualifying ratios and income.

Using the Internet to Serve Clients -> OK
The real estate industry, along with many other industries, is being revolutionized by the Internet. As time goes on, increasing numbers of people gain access to the Internet and use it to satisfy their real estate needs. To avoid being left behind, real-estate professionals need to cultivate an online presence. In this module students will learn about the Internet and how it has affected the real estate industry. Students will also learn about the elements of Web sites and how to market themselves and their sites on the Internet. The final lesson teaches students to communicate effectively over email. The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes this module, he or she should try to paint a big picture of Internet issues, which the module will address with comprehensive content questions, practices and case studies.

Code of Ethics -> OK
This course covers the standards of conduct and ethical judgment by addressing the different concepts that contribute to ethical business practices. This course will introduce the student to ethics and morals by defining both terms in order to distinguish differences between the two. The student will also learn the four approaches to ethical decision-making; therefore, after learning the Articles and Standard Practices of the NAR® Code of Ethics, the student will be able to use the model identify any violations of the Code. This course addresses the following topics:Definition of Ethics and Morals The Four Approaches to Ethical Decisions Articles in the Code of Ethics Using the Model for Ethical Decision-Making Basics of the Professional Standards Enforcement Process through the Local REALTOR® Board of Association More Risk Management in Action to Improve Business Real Estate PracticeThis course will include seven lessons. Lesson One will introduce the concept of ethics and morals. Lesson Two will introduce four approaches to making ethical business decisions and a model for ethical decision making. Lesson Three will present an overview of the NAR® Code of Ethics including the concept of aspirations within the Pre-Amble and the Articles and Standard Practices in the NAR® Code of Ethics. In Lesson Four, participants will use case studies to apply the model for making ethical decisions, which includes using the four approaches to business ethics while utilizing the NAR® Code of Ethics. Lesson Five focuses on ethics complaints, arbitration and mediation. Lesson 6 will conclude the course with a discussion of unethical conduct, antitrust laws and violations of antitrust laws and professional and ethical business practices. Lesson 7 will conclude the course with a presentation of real world situations and applications of the information presented. As the student completes this course, he or she should try to paint a big picture of the code of ethics, which the course will address with comprehensive content questions, practices, and case studies.

Environmental Hazards

This course covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a propertys value, so buyers, sellers, lenders and licensees all can be affected by them. This course includes the following lessons: – The Indoor Environment- The External Environment- Legislation- Disclosure and Site Assessment- Real Estate PracticeStudents will learn throughout this course to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this course students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders. Knowledge of environmental issues also will help protect them from charges of nondisclosure. The conclusion of this course presents real world dilemmas and applications of the information presented. As the student completes this course, he or she should try to paint a big picture of environmental issues, which the course will address with comprehensive content questions, practices and case studies.

Property Management -> OK
Property management is a special category of real estate work. The term property management generally refers to the group of services which an owner hires a professional property manager or management firm to perform. The quality of management directly affects the profitability of the property being managed. A skilled property manager thus protects the owners capital investment in real estate and makes sure that the property generates profit. In many cases, property managers must be licensed real estate brokers. This course includes the following lessons:Introduction to Property Management Management Agreements A Property Managers Typical DutiesInteracting with Tenants Property Management and Leases Real Estate Practice Lesson We will cover a property managers basic functions, including administrative duties, leasing practices and the managers legal relationships with the owner and the tenants of the property. The course also discusses the way to construct a management agreement so that the manager and the owner clearly understand one another’s roles. Licensees will benefit from understanding the various types of property management, as well as the duties that successful property managers must carry out.The concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of property management and how it fits into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

Negotiations in Real Estate Transactions -> OK

A contract is an agreement between two or more parties to do or not to do something. Consideration is the exchange promised in the contract. In a real estate purchase contract, it is usually an exchange of promises. The buyer promises to “purchase and pay” if the seller will “sell and convey” title and possession of the property. This course discusses Contracts and Consideration, administrative tasks, discharge of contracts, negotiations and tactics, basics of quality negotiations, laws affecting negotiations, Oklahoma Real Estate Code, Oklahoma Real Estate Commission Rules, comparative advantage, legal consideration and principled negotiations.

Reduction of Risk -> OK

Risk Reduction is a pro-active method of protecting yourself and the best interest of the party or parties you represent. Topics for this course include: errors and omissions insurance, environmental issues, Fair Housing, managing risks, selection of employee/independent contractors, anti-trust laws, and realtor safety rules are covered extensively during this course. Single-Party Broker descriptions and Transaction Broker descriptions are included.

Introduction to Zoning -> OK

Providing basic information about urban planning and zoning ordinances and their vital and significant role is the sole intent of this course. Topics include: police power and general powers of municipalities, planned unit development provisions, Board of Adjustment, the process of local government planning, special zoning districts, individual use considerations, zoning changes, subdivision regulations, building codes and variances.

OREC Auditing & Investigations -> OK

The fundamental purpose of OREC is to safeguard the public interest through encouraging and requiring high standards of knowledge; through encouraging ethical practices; through disciplining licensees who engage in dishonest, fraudulent or criminal activities in the conduct of real estate transactions; and through causing the prosecution of any person who violates the “Oklahoma Real Estate License Code”. Real estate professionals will learn about the jurisdiction of the Oklahoma Real Estate Commission, penalties, the complaint process, auditing procedures and trust account data through the use of case studies.

Real Estate Ethics -> OK

Real Estate Ethics

Using the Internet to Serve Clients

Provider Approval #0238 / Course Approval #04-00-104-24761

The real estate industry, along with many other industries, is being revolutionized by the Internet. As time goes on, increasing numbers of people gain access to the Internet and use it to satisfy their real estate needs. To avoid being left behind, real-estate professionals need to cultivate an online presence. In this module students will learn about the Internet and how it has affected the real estate industry. Students will also learn about the elements of Web sites and how to market themselves and their sites on the Internet. The final lesson teaches students to communicate effectively over email. The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes this module, he or she should try to paint a big picture of Internet issues, which the module will address with comprehensive content questions, practices and case studies.

Real Estate Brokerage Operations

A successful brokerage starts with a business plan. The business plan will include policies and procedures for the office. Topics in this course include: creating a policy manual, operating accounts, Trust Accounts including Interest Bearing Accounts and account reconciliation, record keeping, disputes about earnest money and security deposits, Interpleader, commission splits, and marketing plans.

Broker Relationships Act

On November 1, 2000, the Law of Agency, as it relates to buyers and sellers was abrogated by the Oklahoma Broker Relationships Act. This course defines the following Oklahoma Broker relationships and their duties and responsibilities: Broker, Party, Single-party broker, Transaction and Transaction broker. The real estate professional will also learn the Do’s and Don’ts for all Broker relationships.

Asset Management

Provider Approval #0238 / Course Approval #03-00-053-18144

Asset Management is the term used for the decision-making process involved in maximizing returns on real property investments. This process includes such decisions as whether or not to renew a lease for a tenant, purchase or lease more assets, improve, sell or rent ones current assets, etc. The asset manager must be aware of market trends and indicators and must be able to accurately predict the cash inflows and outflows of his or her own holdings. This course provides an introduction to the basics of asset management. It introduces the student to the key ideas and concepts of management as well as the techniques a manager will use to evaluate the market and evaluate the financial impact of alternatives in order to make properly informed decisions. The student will learn how to handle distressed properties and how to successfully market a revenue-increasing strategy. The course ends with case studies and real world practice, which will aid the student in becoming confident and familiar with the various aspects of asset management.

Quality Management in a RE Firm

Quality control is insuring that minimum variations have been designed and built into a product or service. This lesson will discuss access time, accumulated delay, action time, conformance, CQI, management by exception, optimum conformity, perception, performance indicators, productivity, quality, quality control, service industry, time management and training.

Strategic Planning

A strategic plan is the companys vision of its own future. Strategic planning is the continuing process whereby a company envisions a desired future and develops procedures and operations to gain that future. This course discusses getting ready to plan through research, data generation, developing and implementing alternatives, values examination, mission statement prioritization and formulation, performance audits, gap analysis and integration of plans

Closing Documents

The closer is responsible for preparing the closing documents. These may include: HUD-I Settlement Statement, Deed, Affidavit of No Liens, Satisfaction of Mortgage, Request a Full Reconveyance, Miscellaneous Affidavits to clear title, Quit Claim Deed to clear title or for special interests. This course covers the following topics: errors, preparation of the settlement statement, HUD-I Form including usual use, overview and sources of information for completing the HUD-I Form; the real estate purchase contract, transaction control sheet, assumptions, calculations, prorations, RESPA and taxes.

Code of Ethics

This course covers the standards of conduct and ethical judgment by addressing the different concepts that contribute to ethical business practices. This course will introduce the student to ethics and morals by defining both terms in order to distinguish differences between the two. The student will also learn the four approaches to ethical decision-making; therefore, after learning the Articles and Standard Practices of the NAR® Code of Ethics, the student will be able to use the model identify any violations of the Code.

HUD-1

This course discusses where and for whom the entries are made on the HUD-I Form, including seller debits and credits, contract sales price, transfer of security or other deposits, broker commission, mortgage loan costs, title/abstract fees and related charges, attorneys fees and title insurance, lenders and owners coverage, recording fees, miscellaneous closing costs, borrowers debits and credits, new lender and purchase money mortgage, transfer of deposits, and lender pre-paid and reserves.

Effective Communications in Management

Communications are those varieties of ways people use to convey an idea or information from one brain to another. Every spoken or written word is subject to interpretation. The speaker or writer interprets and means something by every word which may not be the same interpretation of the listener or reader. Each interpretation is based on the experience of the listener or reader. This course covers the following topics in communication: passive/aggressive behavior, indirect/assertive communication, self-talk that leads to passive/aggressive/indirect/assert behavior, delivery of messages, attentive/active/non-defensive listening, I-language, roadblocks to effective listening and includes a case study in communications breakdown.

Fair Housing

This course covers broad issues on fair housing laws. Specifically, the student will learn: what fair housing laws exist, what classes of individuals are covered under these laws, how discrimination is defined in real estate, how can one avoid discriminating practices, and what the consequences are for non-compliance with fair housing laws.

Checking the HUD-1

After the HUD-I form seems to be completed, the closer has the responsibility of going back over the form to see that everything is correct. Many errors which occur on the form come from charging an item on one side of the form without debiting or crediting to offset the same elsewhere on the statement. This course identifies common mistakes and teaches the professional how to balance the form correctly. When used correctly, the HUD-I Form may also be used as a tool for revealing and solving closing problems.

Establishing a Real Estate Office

Before establishing a real estate brokerage operation, the real estate broker should evaluate the various forms of business organizations in an effort to determine which type is best suited for his/her specific goals. This course covers Sole Proprietorships, Partnerships, Corporations, Site selection, Office design, personnel types, the employee/licensee selection process, and the advantages of buying an existing firm or starting a new company.

Real Estate Insurance

The purpose of insurance is to ‘shift the risk of loss- from the individual to a large number of people who are exposed to similar risks. By sharing these risks, the individuals cost for protection is reduced to an affordable level. Topics covered include: Kinds of Policies, coverage, limits of liability, exclusions, disclosures, flood insurance, title insurance and errors and omissions insurance.

Anti-Trust Deceptive Trade and the MLS

While the federal antitrust laws remain the most significant laws to promote competition, there are other related federal and state laws which are important. These laws specifically include the Sherman Antitrust Act and the Oklahoma Uniform Deceptive Trade Practices Act, for the purposes of this course. Topics covered: The Sherman Act-Reasons for Passage, Civil and Criminal Provisions, Consent Decrees, Proving Violations, Per Se Rule and The Rule of Reason, Multiple Listing Services and statutes of the Oklahoma Deceptive Trade Practices Act.

PMI and Alternative Financing

Private Mortgage Insurance (PMI) is insurance on conventional loans indemnifying the lending institutions against default on the mortgage by the borrower. This course teaches the professional the following topics: Development of Mortgage Insurance, Underwriting Mortgage Guaranty Insurance, claims, reserve requirements, coverage, private mortgage insurance premiums, alternative financing techniques, seller financing, wraparound mortgage, contract for deed and lease with option to purchase.